FXStreet – The USD/CHF is partially recovered from yesterday’s losses, from the area of the 1-Moantstiefs out and the focus is now on a movement of the 0,9900.
The recovery on the very important 200-day SMA failed, and it came on Thursday to a breakout from the 2-week Range under the 0,9900, to the lowest level since the end of March. Yesterday’s decline was triggered by the strong USD sell-off, as the EUR/USD gained strongly, although the US Treasury bond yields rose in expectation of a Fed rate hike in June.
Today the monthly US labour market report (NFP) is in focus, and this may assess the investors to help the next direction of the pair.
• US NFP forecast: Who cares? The USD falls anyway
• USD/CHF offers 0,9970
About 0,9900 the next Resistances at 0,9915/20 and 200-day SMA in the middle of the 0,9900. On the other hand, supports are located at 0,9860, 0,9830 and 0,9815/10 (Deep 27. March).
** FXStreet News Editorial, FXStreet**